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Tel Aviv District Court Ordered MediWound to Purchase Approximately...

06:30 EST 14 Nov 2017 | Topix

MediWound Ltd. , a fully-integrated biopharmaceutical company specializing in innovative therapies to address unmet needs in severe burn and wound management, today announced that the Tel Aviv District Court ordered that MediWound is obligated to purchases shares of three shareholders of PolyHeal Ltd. for approximately $1.5 million pursuant to a claim made by such PolyHeal shareholders. As previously disclosed, in 2010 MediWound entered into a series of agreements with Teva Pharmaceutical Industries Ltd. and PolyHeal to collaborate in the development, manufacturing and commercialization of PolyHeal's wound product .

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